/biz/ - Business & Finance

This coin is going to be one that people look back on and kick themselves for not buying, it's Bitcoin 2.0

Ok we get it, now could you please stop posting XMR threads? This board is mostly filled with scams and shilling Monero here is useless and counter-productive..

>>19405403
Monero is slow and with bad reputation among normies. They will never use it, as if it was cursed. The future of privacy is somewhere else, as with z-snarks on ETH. Faster and good enough will beat slow and "used by terrorists" any day, specially if you have privacy stable coins.

>>19405920
Never counterproductive to increase awareness, regardless of the audience or your competitors.

>>19405403
Monero is cool, but have you heard of Zcash?

>>19405403
The problem with monero isnt privacy, its volatility. No rich person with a swiss bank account is going to switch to a privacy crypto that could be worth half of what it is now in a matter of hours. Once you get to swiss bank account levels of wealth the name of the game is avoiding risk entirely, not investing in shitcoins.

>>19405999
people have been saying this about Bitcoin for almost a decade, also nice trips

>>19405999
>monero is slow
no
>bad reputation among normies
you made that up
>They will never use it, as if it was cursed
what
>The future of privacy is somewhere else, as with z-snarks on ETH.
You can't have privacy with a transparent base layer. Also, because that token would just be used for privacy, it becomes autoflagged unless it has a large anon set. It'd be easier to just buy a cryptocurrency right off the exchange that has these features, and this is what is happening with Monero.
> Faster and good enough will beat slow and "used by terrorists" any day
How can you argue for your alternative privacy option if you use "used by terrorists" as a criticism? Wouldn't your privacy alternative ultimately be used by terrorists if it actually offerred privacy? Fucking retard.
And also, this type of criticism is complete faggotry. There are many reasons why I would want to make a transaction and have it, you know, not completely transparent and public for everyone to see.
>specially if you have privacy stable coins.
stable coins are a meme.
>>19406113
this is definitely a problem in the short term, but as cryptocurrencies become more mature and mainstream, the volatility should settle. I think the bigger issue is that boomers who have a lot of money have no fucking clue how blockchain works.

>>19406163
this.
>it becomes autoflagged
this is what normies dont understand, if anon tx's arent the norm you get even more issues. with monero no anon tx is suspicious because its the default, but coins with open base layers make private tx's look suspicious

>>19405403
>on the verge

Lol just buy GHOST. Monero market cap reached 6B during the peak of the bull run and it’s at 1B right now. I’d rather bet on a x100 opportunity than a mere x6

>>19405403

we know. SHHHHHH

>>19405403
What's up with this LOKI coin shilled here

>>19406659
monero is a very safe bet, ghost is gonna eat your cash

>>19406727
its a monero code fork with some worthless features haphazardly slapped on top. Not worth the money

>>19406659
Ghost isnt private by default. Its a pivx fork.
Pivx is a burning wreck.

Monero is only for weirdos, normies cannot use it. It is not normie friendly. Enter Zcash, technologically and every way better with similar anonymity. Zcash will be the mainstream privacy coin, not Monero. Smart money is buying ZEC.

No one gives a flying fuck about Monero (XMR) it has around 12k transactions a day.

So basically dead shitcoins like Bitcoin Cash, DASH, Dogecoin, and Etheruem Classic have more transaction volume per day.

Only short bus riders who waste time with XMR are the deranged kooks AnCap (closet Communists) that stayed in BTC.

It's just a pump and dump for them and free ticket to Federal Prison so they don't have to pay for housing and food for around a decade or two.

Prison is a Utopian world for Communist AnCap Mad Max Society Retards. Everything is free and prisoners try to rule the prisons like a commune.

Plus when someone leaves Prison they can get worshiped as another "Hero" among fellow retards like Roger Ver aka "Bitcoin Jesus".

>>19406839
https://explorer.zcha.in/statistics/usage
If zcash is "normie friendly", then why are 99% of its transactions unshielded?

>>19406858
>what is long term growth

>>19406839
literal retard. zcash will never take off, anyone who makes anon tx's will be targeted because its opt-in. and thats before i mention the backdoors.
>>19406858
really? well clearly your not going places that use xmr, but the places that used to use btc now use xmr

>>19405403
cant wait for ghost to flip this

>>19406858
This. >>19406911

But also there should be no expectation of linear growth, it will be exponential.

The safest bet you could make right now is that government surveillance/control will get worse in most countries. This will push people to system's outside the government control, and Monero is the the king of uncontrollable money.

XMR is a smart long term hold, but I expect in the short run the other cryptos to outpace it.

>>19405403
stop shilling your shitcoin pajeet
ghost is all that matters

>>19405999
>Monero is slow
You have never done a single xmr transaction in your entire life.

>>19407022
reatrd.
>>19407001
literal retard, the only thing ghost will flip is from being worth less than a cent to 0

Why don't "dirty wallets" with BTC that's known to be stolen just exchange for Monero and then back to Bitcoin in order to launder it? Am I missing something here?
Following that same logic, is Monero even necessary beyond being used as a transient laundry service where you just jump in and out as quickly as possible whenever you want to break the visible custody chain of any other crypto?

Ghost is the next Monero. Little fishies don’t know..

>>19407172
Monero's utility is to securely move money. But if you dump a certain number and an extremely similar number goes to another BTC wallet it's pretty easy to determine what happened. It would be best to just stick with and use a privacy coin.

>>19407172
>Why don't "dirty wallets" with BTC that's known to be stolen just exchange for Monero and then back to Bitcoin in order to launder it? Am I missing something here?
well you'd have to find somebody to accept the dirty Bitcoin. It's happening a lot on Bisq, that's for sure. But yes, cleaning bitcoins in this manner has become popular. Keep an eye out for atomic swaps in the future.
>Following that same logic, is Monero even necessary beyond being used as a transient laundry service where you just jump in and out as quickly as possible whenever you want to break the visible custody chain of any other crypto?
Why jump back and forth when you can just stay in Monero? Of course, this assumes that Monero at this point is widely adopted, but for a lot of people the benefits of stronger privacy and faster transaction times will entice people to stay.

>>19407172
>>19407172
It's like you people are weeds. OK, if i hand you some table salt are you going to tell me it's 100% NaCl?

If the answer is yes - you're naive.

If the answer is no - then you've still got a lot to learn.

There's a lot that happens from source to your plate when it comes to salt, specifically the Mass Food Production Industry and the Regulation that comes along with that, and the shipping that ultimately adulterates the stuff while it's on its way from here to there.

Much like Cryptocurrency, you will probably be using some method to trade one for the other. Let's call it the Mass Trade Industry, whereby some dipshit gives you some 'platform' under strict Regulation with which you're not aware the full extent of and asks for your ID - this just makes it easy. They don't even need your personal ID, just the IP address itself is enough to be cross referenced with the massive lists compiled by your ISP and in short - you never really just 'jump in and out' like it's a puddle of water.

It's a cryptocurrency and I think you're trying to dumb them down a little too much. Please go develop a proper understanding of how this technology works. Start specifically with learning about Computer Administration, then Network Administration, then your Local County and Gov't Laws pertaining to such, then from there you can Branch into Software Development and the mathematics that create the basis of Cryptography.

>>19407310
>If the answer is yes - you're naive.
>If the answer is no - then you've still got a lot to learn.

I fucking hate people who frame questions like this. Fuck you. The answer is no it isn't 100% NaCl you piece of shit.

bzz bzz

>>19407360
Yeah well stop pretending cryptocurrencies are fucken the very bag of potatoes with which you personally can relate to then.

>>19407376
You completely sabotage your point (a correct one by the way) with your retarded fucking example. Don't do that next time.

>>19405403
offshore account and Monero go hand in hand.

>>19407384
I'm not going to defend the point, the analogy itself was shitty af. Which you've quite correctly picked up as infuriating. This was the point. Even an undercomplicated, strained analogy doesn't even begin to touch the depth of misunderstanding that goes on in thinking one can 'hop in and out' of a cryptocurrency like it's a puddle of water. I wrote it specifically like that, for the fellat that thinks as such.

>>19407404
Why point out a shitty understanding with an equally shitty analogy instead of just making a good analogy that actually describes some of the complexity of what is happening?

>>19407287
this is one use for it yes, but at that point why move it out of monero at all, most vendors who deal with dirty bitcoin accept monero as well and prefer it as theres no need to wash coins. your point highlights the utility of not only using the platform but staying inside it.

>>19407371
fuck off pajeet, nobody is buying your worthless rip off, i mean even just the fact that its using the monero name should be enough to tip you off that this isnt going anywhere. Any serious project would come up with their own name.

Don't you love it when you know something is so good that you enjoy the fud because it allows you to accumulate unknown amounts at a retarded discount?

>>19407455
So the context is relatable to more than one person. The first person who the message was actually for received the message, while simultaneously triggering fellas like yourself to become hypercritical so myself and people whom I'd actually intend to talk to by writing such an example actually speak their mind .. to which I'd then go ahead and say that it's more of a fucking aggrivation that there can even be such a train of thought as 'this thing's a puddle of water' could even exist, to which we can then both relate I'd wager.

I don't fucking throw the levers though.

>>19407486
It is Monero on Ethereum. Much more useful than just Monero alone. Far more price action in the last month than your shitcoin has had in years.

>>19407507
post hand, pajeet

>>19407520
based meth anon

XVG is more secure

>>19407535
>its monero on ethereum
no its not, its a copy paste of 0xBTC code with the monero name slapped on top. It has no ring sigs, no bullet proofs, no dandelion++, no asic resistant mining, no smooth emissions, no Elliptic curves, no spend key priv key combo. It is nothing but a code fork of a failed token on a bloated network bogged down by chinese pyramid schemes, if you think its ever going to go anywhere your sadly mistaken

>>19406659
>Lol just buy GHOST
Please don't even compare ERC20 meme tokens to Monero.
>>19407001
Ghost is flipping nothing, Mcafee has got such a bad reputation for scamming that only newfags will buy his meme projects. People with big money would never risk money on a Mcafee scam.

Monero is the single best crypto in the entire space I know you know it. And I own 0. Makes my me want to puke.

Pirate Chain ARRR is the ONLY true anonymous coin.

>>19405403
Monero: The Official Pedocoin

>I used to buy child porn with xmr, now I’m a millionaire

>>19410242
>>19410264
OK BOOMER

>>19409955
DCA bruh
>>19410050
Pirate is a neat little project but saying Monero isn’t anonymous just makes you look like a pajeet shill

>>19407537

<20, working my way up to at least 100

While we're on the topic of Monero, what do you guys think of Loki heading towards PoS functionality. I like the idea of their PoW/PoS concept more than 100% PoS, but they have good rational based on the cost of attacks to the network.

>>19405403
>>> /biz/19410566

Bitcoin could die and Monero would still be used as a cryptocurrency, and its value would likely not change much, probably the comfiest asset in all of the technosphere

>>19405999
>bad reputation among normies
normies haven't even heard of monero

>>19410577
I think PoS is mostly a meme desu to entice lambo kids to buy into a pyramid scheme (cardano, tezos). PoW is tried and true and it preserves the network.

>>19405999
People don't care about stable coins. The only reason people even buy crypto is for the volatility. Theres no point converting a stable fiat into stable coin. It's about getting rich

Will an unknown amount be enough to make it?

At least verge hides your IP

>>19411223
>hides your IP
VPN's and Hiding your IP is a meme.
The majority of VPN providers are probably run by the CIA using shell companies. Every search you do through a VPN probably gets back to a CIA server one way or another

>>19411223
ah yes, shilling a coin with a transparent ledger and saying the end all be all is "hiding your IP", even though Monero already does this. You don't understand blockchain privacy and chainanalysis if you think that tor and hiding your IP is the most important factor.
And even if you are connecting remotely with Monero, and the node you connect to is an adversary, the adversary would still have ring ct and ring signatures and stealth addresses to deal with.

>>19406077
This

Still doesn't hide your IP and it's inflationary

>>19412202
>I expect my toaster to provide my GPS directions.

The fuck would you want a cryptocurrency to hide your wahtever the fuck it is?

>>19412202
>he doesn't know about dandelion++

>>19412380
Sounds like a furry sex toy

>>19412380
It's not on mainnet, it wasn't developed by the monero team, it doesn't hide your IP from your VPN or ISP, it's trying to do what verge did over two years ago. Fluffy pony should spend less time looking at photos of children and more time developing. But keep buying Monero, I'm sure he appreciates your contribution to his watch collection.

>>19412586
Raj, you sound a little upset. Did your favorite street to shit on get shut down or something?

>tfw comfy

>>19407172
>Why don't "dirty wallets" with BTC that's known to be stolen just exchange for Monero and then back to Bitcoin in order to launder it? Am I missing something here?
They do, some of the biggest ransomware groups laundered money from their biggest targets with Monero and Shapeshift.io
The main problem is getting someone to accept the dirty BTC, Shapeshift and other exchanges that require little if any information stopped trading Monero momentarily under the heat, and added more requirements for usage and limits

>>19405999
Uh g-guys...